December 19, 2013 |
Mortgage rates rose a bit this week following positive news on home building, with Freddie Mac saying lenders were offering a 30-year fixed-rate loan at an average of 4.47%, up from 4.42% last week. The average for a 15-year fixed was 3.51%, up from 3.43% last week, Freddie Mac reported Thursday. Its survey assumes borrowers have solid credit and income, provide at least 20% down payments or home equity, and pay less than 1% of the loan amount in lender fees and points. Start rates on popular types of adjustable rate loans also were higher, Freddie Mac said.
July 18, 2013 |
Fixed mortgage rates have settled down along with fears of an abrupt end to the Federal Reserve's economic stimulus efforts, with the average 30-year home loan rate falling from 4.51% last week to 4.37% early this week, according to Freddie Mac. Freddie Mac's latest survey of what lenders are offering to solid borrowers, released Thursday morning, showed the average rate for a 15-year fixed home loan also fell, from 3.53% last week...
April 13, 2012 |
Mortgage rates are sharply lower on news of a weakening job market, with the 30-year fixed loan averaging 3.88% this week and the 15-year fixed at a record low of 3.11%, according to Freddie Mac. The average for the 30-year loan was down from 3.98% a week earlier, Freddie Mac said in its latest weekly report. The 15-year mortgage, popular with refinancers seeking to pay off their loans, was down from 3.21% a week ago. Its previous record low of 3.13% was set March 8. The start rates for adjustable mortgages were little changed.
May 10, 2012 |
Mortgage rates have descended further into record low territory for the second straight week, with the average for a 30-year, fixed-rate loan dropping to 3.83% from 3.84% last week, Freddie Mac said. The 15-year fixed loan also dipped to a record low, falling from 3.07% to 3.05%, according to Freddie Mac's latest survey , released Thursday. Borrowers would have paid an average of 0.7% in upfront lender fees to obtain the fixed-rate loans. People with solid credit and incomes who shop around or who pay additional discount points to lenders often can obtain slightly better rates than those quoted by Freddie Mac. Adjustable loans were mixed.
August 20, 2010 |
Mortgage rates have set record lows for the eighth time in nine weeks, and the bargain-basement rates are prompting homeowners to file the most home-refinancing applications in 15 months. The average rate offered on a 30-year fixed home loan fell this week to 4.42%, down from 4.44% last week, Freddie Mac reported Thursday. The latest figure is the lowest since the giant mortgage buyer began its rate survey in 1971. Freddie Mac's weekly survey asks lenders what they are offering a solid-credit borrower with home equity of at least 20% — or, for a home purchase, a down payment of at least 20%. Along with the rates offered, lenders on average were charging 0.7% of the loan amount in upfront fees.
January 31, 2013 |
The typical interest rate for a 30-year fixed-rate mortgage shot above 3.5% early this week for the first time in more than four months, according to the widely watched Freddie Mac survey. Freddie Mac's weekly tally , released Thursday morning, showed lenders were offering the loan to solid borrowers at an average 3.53%, up from 3.42% last week. It was the first time since the week of Sept. 13 that the 30-year mortgage rate topped 3.5%. The typical rate on a 15-year fixed loan, a type popular with people refinancing their mortgages, jumped to 2.81% from 2.71% a week earlier, Freddie said.